The domestic phenol market is weak and declining. According to data monitored by Business Society, for example, in the East China region, the price of phenol was quoted at 6972 yuan/ton on May 14th, and on May 20th, the phenol market in the East China region fell to 6680-6700 yuan/ton.
The raw material pure benzene continues to decline, with negotiations in the East China pure benzene market at 6050-6150 yuan/ton. After a slight increase in the North China region, downstream buying enthusiasm is poor, and the decline in downstream styrene has widened. The confidence in the pure benzene market is insufficient, and the cost side is bearish, resulting in limited downstream participation and a weak market trading atmosphere.
The operating rate of phenol ketone in China is 75%, and the profits of phenol ketone enterprises are still on the edge of the loss line. In the short term, both the cost and demand sides have performed poorly, and it is expected that the phenol market will operate lightly in the short term. Pay attention to the fluctuations in costs and supply and demand.